Contact

Follow

What We Do

Today's challenging healthcare environment demands new, more effective solutions to stem rising costs. Self Insured Plans works to keep healthcare plan expenses in line and quality care at the forefront. Whether your organization is large or small, we can help create a highly effective self-funded strategy that will control costs, keep you better informed and support happier, healthier employees.

Consumer Directed Health Plans

While Section 125 Flexible Spending Accounts (FSA) have been popular for decades, other consumer directed health plans (CDHP) developed in the early 2000’s as employers looked for ways to help employees meet the rising cost of deductibles and out-of-pocket expenses. As allowable contribution levels have risen in recent years, the number of employers offering HRA or HSA compatible health plans has increased significantly. CDHPs can take various forms, including the following:

Also authorized by Section 125, a Dependent Care FSA is a tax arrangement allowing for pre-tax funding of an account to cover eligible child or adult dependent care expenses not covered or reimbursed by any other source.

Health Reimbursement Arrangement (HRA)

Governed by IRC Section 105, HRAs are funded by the employer for each participating employee. While unused funds can be carried over to the next year to cover future health care expenses, they remain with the employer if the employee changes jobs.

A HSA is a tax-free account to pay for eligible, out-of-pocket healthcare expenses, with funds deposited by individuals, employers or both. HSAs pair with qualified high-deductible health plans (HDHP) to cover catastrophic medical care claims in case of major accident or serious illness. Unspent dollars accumulate tax-free and belong to the employee.

Are You Ready to Discover the Benefits?

Our Promise

Self Insured Plans, LLC, is a family owned organization with more than 40 years of employee benefits experience. Our ability to make timely decisions for flexible plan design makes SIP unique in a world of look-alikes. SIP is also active in the Self Insurance Insitute of America, the National Association of Health Underwriters, the Southwest Florida Health Underwriter Association, the National Association of Employee Benefits Administrators and Health Care Administrators Association.